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Reuters: Enterprise sells condensate to Mitsubishi in second Asia deal

  • Enterprise Product Partners (EPD +0.2%) reportedly has found a second buyer in Japan for its condensate, paving the way for more exports from the U.S. to Asia to meet growing demand.
  • Reuters says EPD has signed a short-term contract to sell condensate to Mitsubishi, less than two weeks after it sold its first cargo to Mitsui.
  • The first cargo to Mitsubishi reportedly may load in September and could be of a bigger volume than the 400K barrel cargo Mitsui will be lifting later this month.
Comments (3)
  • Tai Yu
    , contributor
    Comments (183) | Send Message
     
    Japan is always thirsty for energy and the oil glut in the US will build up thanks for the fracturing technology. I trust this is going to be another boost to the EPD's bottom line.
    16 Jul, 01:31 PM Reply Like
  • dectra
    , contributor
    Comments (325) | Send Message
     
    As long as it boost the bottom line, I say keep pumping.....
    17 Jul, 12:18 PM Reply Like
  • Alex2322
    , contributor
    Comments (313) | Send Message
     
    Pump it over there! Raise those dividends here :)
    19 Jul, 01:22 AM Reply Like
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